Answer: 2.61 times
Explanation:
Times Interest ratio = Earnings before Interest and Tax / Interest
Earnings before Interest and tax = Sales - Cost of goods sold - Depreciation expenses
= 594,000 - 255,330 - 67,900
= $270,770
Net Income = Addition to retained earnings + Total dividends paid
Net income = 80,300 + ( 27,500 * 1.64)
= $125,400
Earnings before tax = Net Income/ ( 1 - T)
= 125,400/ ( 1 - 0.25)
= $167,200
Interest = Earnings before interest & tax (EBIT) - Earnings before tax (EBT)
= 270,770 - 167,200
= $103,570
Times Interest ratio = 270,770 / 103,570
= 2.61 times
As Mei lives in a country where she is free to keep profits from her business and use them as she wishes within legal limits, the type of economy system is known as <u>capitalism</u>.
<h3>What is a
capitalism?</h3>
This refers to an economic system in which private individuals or businesses own capital goods and can employ workers (labor) who only receive wages. Generally, the overall production of goods and services under capitalism is based on supply and demand in the general market—known as a market economy rather than planned economy or command economy.
In conclusion, the known purest form of capitalism is a free market or laissez-faire capitalism.
Read more about capitalism
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Answer:
$117,201
Explanation:
Calculation for what The cost basis recorded in the buyer's accounting records to recognize this purchase is
Using this formula
Cost basis=Cash+Note payable+Mortgage
Let plug in the formula
Cost basis=$32,829+$26,957+$57,415
Cost basis=$117,201
Therefore The cost basis recorded in the buyer's accounting records to recognize this purchase is $117,201
Answer:
$24,220
Explanation:
After tax cashflow formula as follows;
AT cashflow = Income before taxes(1- tax) + annual depreciation amount
Depreciation amount is added back because even though it is an expense deducted to arrive at the income before tax, it is not an actual cash outflow.
Annual depreciation amount = $200,000/ 20 = $10,000
AT cashflow = 18,000*(1-0.21) + 10,000
= 14,220 + 10,000
= 24,220
Therefore, Mariposa’s expected cash flow after taxes per year is $24,220
Answer:
Procurement
Explanation:
The purchasing function, sometimes called procurement is an important part of any firm's production strategy. The role of procurement is simply to get goods and services for the business needs.
Procurement is the act of getting goods or services, for business purposes. It is generally the last act of purchasing.
